0
0.0
Sep 5, 2022
09/22
by
CSPAN
tv
eye 0
favorite 0
quote 0
of the debt ceiling. a pattern became clear. those in power tended to vote to raise the limit. in the current era, congress has reached default. in 2011, the debt ceiling had teeth. president obama and the speaker try to have a bargain. fundamentally a gop decision to not raise taxes, it came down to the wire. vice president biden and senator mcconnell forced a deal at the last minute. our credit was downgraded for the first time in history. there was $1.2 trillion in cuts for a decade. caps raised roughly every two years by congress. the treasury relies on extraordinary measures. 2013 also had a showdown affecting markets. this past december, there was a vote before default. the debt ceiling causes brinksmanship, but there is little evidence it provides fiscal restraint. the debt keeps increasing and the debt ceiling has never been lowered. there is debt already incurred, a reactionary exercise. many claim it as prompted negotiations that prompted restraint. a fuller reading notes amending debt ceiling v
of the debt ceiling. a pattern became clear. those in power tended to vote to raise the limit. in the current era, congress has reached default. in 2011, the debt ceiling had teeth. president obama and the speaker try to have a bargain. fundamentally a gop decision to not raise taxes, it came down to the wire. vice president biden and senator mcconnell forced a deal at the last minute. our credit was downgraded for the first time in history. there was $1.2 trillion in cuts for a decade. caps...
0
0.0
May 19, 2023
05/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
the debt ceiling package? >> you have the details of that package? >> if only i did. >> again, i don't think we are here to speculate, we don't know what that package will look like. what we are saying is, the president has the authority to use the 14th amendment and he should be prepared to do that. >> president biden has casted doubt on the ability to move the 14th amendment through the legal system in time to solve this crisis, so is this a viable dilution for this crisis? >> it's the beck solution -- it's the best solution we have, it's not perfect. but throwing millions of people off of health care and creating a situation where children in this country go hungry is less perfect. >> do you hope to get more senators to sign on to this question mark >> we've got a lot in the last day and that's a lot. >> is part of the reason you are all here today is because there is still negotiations between the president and the speaker that includes some federal programs? >> are you concerned about his ability to negotiate? >> we don't know the details of wha
the debt ceiling package? >> you have the details of that package? >> if only i did. >> again, i don't think we are here to speculate, we don't know what that package will look like. what we are saying is, the president has the authority to use the 14th amendment and he should be prepared to do that. >> president biden has casted doubt on the ability to move the 14th amendment through the legal system in time to solve this crisis, so is this a viable dilution for this...
19
19
May 19, 2023
05/23
by
CSPAN
tv
eye 19
favorite 0
quote 0
raise the debt ceiling. but what it will then come down to is using the authority of the 14th amendment, which says something, by the way, that all of us know doesn't need to be in law to be real and that is the validity of the public debt of the united states authorized by law shall not be questioned. the entire g.o.p. is repudiating that language in the 14th amendment. and by the way, the choice that the president has to make is whether, if it comes to it, he invokes the 14th amendment, or allows republicans in effect to repudiate existing law. the appropriations that they want to unravel have all been passed by previous congresses. it's the law. so we all support the president's ability, if he decides it comes to that, to invoke the 14th amendment to save this country from economic ruin. thank you. sen. sanders: any questions? reporter: do you think that president biden should stop talking to speaker mccarthy? sen. sanders: i think none of us are aware of exactly what is happening. i think what the presid
raise the debt ceiling. but what it will then come down to is using the authority of the 14th amendment, which says something, by the way, that all of us know doesn't need to be in law to be real and that is the validity of the public debt of the united states authorized by law shall not be questioned. the entire g.o.p. is repudiating that language in the 14th amendment. and by the way, the choice that the president has to make is whether, if it comes to it, he invokes the 14th amendment, or...
1
1.0
May 24, 2023
05/23
by
CSPAN
tv
eye 1
favorite 0
quote 0
this regular dispute over the raising of the debt ceiling. let me give you the arguments on both sides because it has never been tried. the argument in favor of being made by democrats -- although it had been made by republicans during previous disputes under earlier president -- is the language is mandatory and that by creating a debt ceiling statute -- and that dates back to 1917 when congress first created the debt ceiling -- congress was repudiating the debts of the united states and ensuring those owed money would not be paid. that violates the plain language of the amendment. the argument on the others is multifaceted. the first is the amendment prohibits congress from officially repudiating the debt, saying the bondholders can never be paid. it does not allow the president to act on his own, nor the statute passed in 1917, so the president's job cannot ignore the law. even the 1917 law raises constitutional questions. it is not the president's job to ignore it. that is the strongest argument, he cannot pick and choose. there was a lot
this regular dispute over the raising of the debt ceiling. let me give you the arguments on both sides because it has never been tried. the argument in favor of being made by democrats -- although it had been made by republicans during previous disputes under earlier president -- is the language is mandatory and that by creating a debt ceiling statute -- and that dates back to 1917 when congress first created the debt ceiling -- congress was repudiating the debts of the united states and...
0
0.0
May 9, 2023
05/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
we need a debt ceiling. if you look at the past and the future, as i see it, it is going to break america. you cannot keep spending money you do not have. in a personal budget, you never do that. they think politics is way more important than the issue at hand. no one cares about politics, they care about being reelected. they do not give you a voice. we are looking into that, we are looking into that. i am old, those are thoughts when we grew up, we grew up under eisenhower and people that valued values, not just i have a check and can spend it. so i am hoping they will stay in washington, d.c. and fix the problem rather than taking a three-month summer and we are still spending billions and billions of dollars. >> i am from washington, d.c. and i am a lifelong democrat since john f. kennedy, and i think the republicans are all wet. they should stop playing games with the debt ceiling and putting the country and our democracy at risk. i think president biden is taking the correct steps to go forward. we hav
we need a debt ceiling. if you look at the past and the future, as i see it, it is going to break america. you cannot keep spending money you do not have. in a personal budget, you never do that. they think politics is way more important than the issue at hand. no one cares about politics, they care about being reelected. they do not give you a voice. we are looking into that, we are looking into that. i am old, those are thoughts when we grew up, we grew up under eisenhower and people that...
0
0.0
May 23, 2023
05/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
increasing the debt ceiling. it has been a tool that has been used for this school improvements. it has become a tool now that is too much a part of dangerous showdown. where should we negotiate the savings we desperately need because of our fiscal situation? it is not ideal. we should negotiate this on the budget process. we do not budget in this country anymore. it has been 20 years since congress has passed a budget on time. this year, neither budget committee has come out with their budgets yet and leadership from the parties healthy budget committees do not put out budgets. where we should be doing this, the senate has not been in this discussion. no budget, no plan, they have not engaged and this is the most important discussion going on. we do not budget in a way where we step back, look at the fiscal health of the country, need to make changes, and figure out what our priorities are and how we are going to pay for them. that is when this discussion should happen. the debt ceiling is the place where it can
increasing the debt ceiling. it has been a tool that has been used for this school improvements. it has become a tool now that is too much a part of dangerous showdown. where should we negotiate the savings we desperately need because of our fiscal situation? it is not ideal. we should negotiate this on the budget process. we do not budget in this country anymore. it has been 20 years since congress has passed a budget on time. this year, neither budget committee has come out with their budgets...
0
0.0
May 22, 2023
05/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
increasing the debt ceiling. it has been a tool that has been used for this school improvements. it has become a tool now that is too much a part of dangerous showdown. where should we negotiate the savings we desperately need because of our fiscal situation? it is not ideal. we should negotiate this on the budget process. we do not budget in this country anymore. it has been 20 years since congress has passed a budget on time. this year, neither budget committee has come out with their budgets yet and leadership from the parties healthy budget committees do not put out budgets. where we should be doing this, the senate has not been in this discussion. no budget, no plan, they have not engaged and this is the most important discussion going on. we do not budget in a way where we step back, look at the fiscal health of the country, need to make changes, and figure out what our priorities are and how we are going to pay for them. that is when this discussion should happen. the debt ceiling is the place where it can
increasing the debt ceiling. it has been a tool that has been used for this school improvements. it has become a tool now that is too much a part of dangerous showdown. where should we negotiate the savings we desperately need because of our fiscal situation? it is not ideal. we should negotiate this on the budget process. we do not budget in this country anymore. it has been 20 years since congress has passed a budget on time. this year, neither budget committee has come out with their budgets...
0
0.0
Jan 31, 2023
01/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
instead, this debt ceiling restricts the treasury, if we do not, we do not lift the debt ceiling, from paying those bills. that's why for over 63 years 78 times the congress has chosen to raise the debt ceiling. why? because we don't want to put the liability of the world's economy, let alone the u.s. economy, at risk. and we don't want to be deadbeats, right? i think most americans feel they ought to pay their bills. so, my colleagues on the other side want to hold the debt ceiling hostage. leaving social security recipients and veterans potentially without their pensions or benefits. does that make any sense? so if we default on our debt, over six million jobs could be diminished. seniors may not their benefits for a period of time. costs will skyrocket. some economists indicate we could put $12 trillion at risk of american savings if it were extended in this gamesmanship, this attempt to stare each other down on whether or not we lift the debt ceiling. that makes no sense. that's risky business. so we ought to raise our debt ceiling and pay our bills. and i think there is common agr
instead, this debt ceiling restricts the treasury, if we do not, we do not lift the debt ceiling, from paying those bills. that's why for over 63 years 78 times the congress has chosen to raise the debt ceiling. why? because we don't want to put the liability of the world's economy, let alone the u.s. economy, at risk. and we don't want to be deadbeats, right? i think most americans feel they ought to pay their bills. so, my colleagues on the other side want to hold the debt ceiling hostage....
0
0.0
Apr 27, 2023
04/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
we have looked at the debt ceiling. nobody should worry about whether the debt ceiling will get lifted, we did it. the democrats did not. the president wants to make sure the debt ceiling is not lifted by this bill. there are other bills, that he says he will veto. thank you all, i hope you have a good day. >> the bill is passed. ♪ host:
we have looked at the debt ceiling. nobody should worry about whether the debt ceiling will get lifted, we did it. the democrats did not. the president wants to make sure the debt ceiling is not lifted by this bill. there are other bills, that he says he will veto. thank you all, i hope you have a good day. >> the bill is passed. ♪ host:
0
0.0
May 9, 2023
05/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
we need a debt ceiling. if you look at the past and the future, as i see it, it is going to break america. you cannot keep spending money you do not have. in a personal budget, you never do that. they think politics is way more important than the issue at hand. no one cares about politics, they care about being reelected. they do not give you a voice. we are looking into that, we are looking into that. i am old, those are thoughts when we grew up, we grew up under eisenhower and people that valued values, not just i have a check and can spend it. so i am hoping they will stay in washington, d.c. and fix the problem rather than taking a three-month summer and we are still spending billions and billions of dollars. >> i am from washington, d.c. and i am a lifelong democrat since john f. kennedy, and i think the republicans are all wet. they should stop playing games with the debt ceiling and putting the country and our democracy at risk. i think president biden is taking the correct steps to go forward. we hav
we need a debt ceiling. if you look at the past and the future, as i see it, it is going to break america. you cannot keep spending money you do not have. in a personal budget, you never do that. they think politics is way more important than the issue at hand. no one cares about politics, they care about being reelected. they do not give you a voice. we are looking into that, we are looking into that. i am old, those are thoughts when we grew up, we grew up under eisenhower and people that...
14
14
Apr 27, 2023
04/23
by
CSPAN
tv
eye 14
favorite 0
quote 0
we have looked at the debt ceiling. nobody should worry about whether the debt ceiling will get lifted, we did it. the democrats did not. the president wants to make sure the debt ceiling is not lifted by this bill. there are other bills, that he says he will veto. thank you all, i hope you have a good day. >> c-span's washington journal, every day we are taking your calls live and on the air on the news of the day and we will discuss policy issues that impact you. coming up thursday morning, california republican congressman talks about the debt limit and other congressional news of the day. we into the congress -- conversation on the debt ceiling debate with the wisconsin congresswoman. g lee talks about the south koreans president to the u.s. s nd bidens policy towards asia. watch washington journal live on c-span or c-span now our free mobile app. join the discussion with your facebook comments, text messages and tweets. [captioning performed by the national captioning institute, which is responsible for its caption
we have looked at the debt ceiling. nobody should worry about whether the debt ceiling will get lifted, we did it. the democrats did not. the president wants to make sure the debt ceiling is not lifted by this bill. there are other bills, that he says he will veto. thank you all, i hope you have a good day. >> c-span's washington journal, every day we are taking your calls live and on the air on the news of the day and we will discuss policy issues that impact you. coming up thursday...
3
3.0
Oct 7, 2021
10/21
by
CSPAN
tv
eye 3
favorite 0
quote 0
be no purpose to the debt ceiling. it is important to note that when we talk about money printing, it is not necessarily the quantity of dollars. the way it operates now and it has been different but the way the federal reserve operates now is money comes into the system via lower interest rates. money comes into the system via quantitative easing in the fed absorbs assets that are out on the financial market and puts it on a balance sheet inputs liquidity into the economy. the way the federal reserve does that, which they have the authority to do, is by assessing economic conditions, whether if they put too much money into the system through lower interest rates and quantitative easing, whether that could increase the speed by people -- by which people and firms are spending the money in the economy, which could raise inflation. on the first point of your question, it is not within the purview of the federal reserve to meet the u.s. government obligations on its debt. the treasury is the one that handles and issues de
be no purpose to the debt ceiling. it is important to note that when we talk about money printing, it is not necessarily the quantity of dollars. the way it operates now and it has been different but the way the federal reserve operates now is money comes into the system via lower interest rates. money comes into the system via quantitative easing in the fed absorbs assets that are out on the financial market and puts it on a balance sheet inputs liquidity into the economy. the way the federal...
13
13
Sep 29, 2021
09/21
by
CSPAN
tv
eye 13
favorite 0
quote 0
suspending the debt ceiling when we already have $28 trillion in debt. some of my colleagues have even suggested we should abandon the debt limit all together. giving the federal government no safeguards to prevent ballooning debt and damaging the united states credit rating. families, farmers, businesses, and state and local governments have to live win their mean and make responsible financial decisions to be successful. the attitude in washington continues to pass on massive debt to future generations in exchange for our current lifestyle. we aren't looking at this debt crisis in a vacuum. we could be voting on $5.5 trillion in more spending soon if the speaker pelosi can pull together her caucus. suspending the debt ceiling while also proposing trillions in new spending is reckless. every american, adult and child, already bears a burden of about $85,000 each. raising the debt ceiling is about future spending. an unlimited debt ceiling until december of 2022 would result in a massive increase in spending by the democrats. the last debt ceiling increa
suspending the debt ceiling when we already have $28 trillion in debt. some of my colleagues have even suggested we should abandon the debt limit all together. giving the federal government no safeguards to prevent ballooning debt and damaging the united states credit rating. families, farmers, businesses, and state and local governments have to live win their mean and make responsible financial decisions to be successful. the attitude in washington continues to pass on massive debt to future...
72
72
Feb 4, 2014
02/14
by
CSPAN
tv
eye 72
favorite 0
quote 0
in order to meet the debt ceiling. president clinton did at first but the democrats in 1993 and that it again with republicans in 1995. there were seven of these negotiations during bush 41. the reason the debt ceiling is therefore is for the power of the purse. that's it and you're supposed to have negotiations leading up to it. i think it's just slightly inappropriate to say i voted against it but now you guys have to vote for it without negotiating with me. there we go. >> i will bring it back to the distinction between appropriations and spending versus the debt limit. i want to start rudy on a separate issue. as we look at the debt ceiling and have these panic moments in 2011, the most common thing people say is there must be a better way. you have thought a lot about this, is there a better way? >> certainly there are a number of better ways. basically i fundamentally disagree with larry. there is a paradox here. they always say to be effective in negotiations, you have to be willing to shoot the hostages. we hav
in order to meet the debt ceiling. president clinton did at first but the democrats in 1993 and that it again with republicans in 1995. there were seven of these negotiations during bush 41. the reason the debt ceiling is therefore is for the power of the purse. that's it and you're supposed to have negotiations leading up to it. i think it's just slightly inappropriate to say i voted against it but now you guys have to vote for it without negotiating with me. there we go. >> i will bring...
98
98
Feb 4, 2014
02/14
by
CSPAN
tv
eye 98
favorite 0
quote 0
you devised the debt ceiling. t's a congressional creation and you understand that it's your obligation to get us out of it. that's where we are now. that puts both the executive and the legislative in a much better position going forward to have this kind of debate in other areas that are more natural. >> lawmakers use this issue to get attention. they want to raise money and there are a number of reasons you might do this in some of them do care about the issue. do you think when the public take that pays attention to this that they are more informed as a result or less informed as a result of having the debate? >> well, i would just 70% of the public is never heard of his. in any case, the debates we have had in recent years about the debt limit or about the budget, unfortunately, have not been hat informative. i do think that if there is a crisis, i am hopeful that the congress will deal with it in a rational way. the one reassuring thing is that if you look at other democracies that have had crises like swede
you devised the debt ceiling. t's a congressional creation and you understand that it's your obligation to get us out of it. that's where we are now. that puts both the executive and the legislative in a much better position going forward to have this kind of debate in other areas that are more natural. >> lawmakers use this issue to get attention. they want to raise money and there are a number of reasons you might do this in some of them do care about the issue. do you think when the...
80
80
Oct 7, 2013
10/13
by
CSPAN
tv
eye 80
favorite 0
quote 0
of the debt ceiling. it is our view, as i think both those officials stated this morning, that since the whole argument is to remove uncertainty, the uncertainty created by the threat of default, the threat of not raising the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which is raise it so that the united states can continue to pay its bills and continue to ensure that the world knows we are good to our word and we fulfill our obligations, and when it comes up again, our position will still be, we will not negotiate over congress's responsibility is to pay the bills t
of the debt ceiling. it is our view, as i think both those officials stated this morning, that since the whole argument is to remove uncertainty, the uncertainty created by the threat of default, the threat of not raising the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to...
13
13
Dec 15, 2021
12/21
by
CSPAN
tv
eye 13
favorite 0
quote 0
while raising the debt ceiling does not create new debt. congress has raised the debt limit 79 times. 30 times with democrats in the white house and 49 times under a republican president. and and did so without drama. today's action should be no different. i urge my colleagues to continue paying our bills. i reserve the balance of my time. the speaker pro tempore: the gentleman from virginia reserves. the gentleman from texas is recognized. mr. brady: i yield myself such time as i may consume. in 2018 nancy pelosi, leader whip hoyer voted to default on the debt, shut down the government and refused to give relief to communities. republicans controlled the senate, house and the white house, responsibility rests on their shoulders. democrats control the house and senate and the white house and responsibility rests on their shoulders. democrats have known this day been coming for two years and did nothing. they passed no budget or appropriations bills and didn't spend a moment in bipartisan outreach to address the debt ceiling. we shouldn't ig
while raising the debt ceiling does not create new debt. congress has raised the debt limit 79 times. 30 times with democrats in the white house and 49 times under a republican president. and and did so without drama. today's action should be no different. i urge my colleagues to continue paying our bills. i reserve the balance of my time. the speaker pro tempore: the gentleman from virginia reserves. the gentleman from texas is recognized. mr. brady: i yield myself such time as i may consume....
4
4.0
Oct 16, 2021
10/21
by
CSPAN
tv
eye 4
favorite 0
quote 0
debt ceiling. raising the debt ceiling. >> thank you for joining the press conference for the i.m.f. world economic outlook. i'm jennifer beckman of the invitation department and i'm joined today by the imf economist. the deputy director of the research department the republics and head of the worl economic studies division. we're going to begin with brief remarks and then we will go to your questions. gita: thank you all for joining this work league on the world economic outlook. the global recovery continues but it's followed by the pandemic. fueled by the highly cranston submersible delta. we call it the global covid-19 death toll has driven close to 9 million and help concerns rebound holding back a full return to normalcy. pandemic outbreaks including global supply chains have resulted in longer than expected supply disruptions feeding and in a quality in many countries. overall, economic prospects have increased and policy trade-offs have become more complex. compared to our july focus the gr
debt ceiling. raising the debt ceiling. >> thank you for joining the press conference for the i.m.f. world economic outlook. i'm jennifer beckman of the invitation department and i'm joined today by the imf economist. the deputy director of the research department the republics and head of the worl economic studies division. we're going to begin with brief remarks and then we will go to your questions. gita: thank you all for joining this work league on the world economic outlook. the...
31
31
Aug 13, 2019
08/19
by
CSPAN
tv
eye 31
favorite 0
quote 0
what does that move do for debt? aest: the debt ceiling slaps debt on spending. when you remove that, the gravy train can continue. the budget deal negotiated between representative pelosi and chuck schumer and the president and steven mnuchin, basically will add $350 to spending over the next two years. just a little history, since 2016, you have record income tax collections even after the jump tax cut. on a nominal basis, you have more money coming into the treasury than before in the country. since 2016, during trump, two years of republican controlled congress and one year with the houseats in control of appropriations, you have a 20% increase in discretionary spending. spending -- we do not have a revenue problem. we have a spending problem. talk the reversals -- you about the details. what do you recommend as the cure if the organization does sell? guest: there was a proposal in front of the senate. rand paul put forward a any cut plan. it would reduce spending each year by one penny. that was a republican controlled senate. it was voted down because of th
what does that move do for debt? aest: the debt ceiling slaps debt on spending. when you remove that, the gravy train can continue. the budget deal negotiated between representative pelosi and chuck schumer and the president and steven mnuchin, basically will add $350 to spending over the next two years. just a little history, since 2016, you have record income tax collections even after the jump tax cut. on a nominal basis, you have more money coming into the treasury than before in the...
79
79
Aug 2, 2011
08/11
by
CSPAN
tv
eye 79
favorite 0
quote 0
to increase the debt ceiling. i argue, mr. speaker, that we don't have a debt ceiling problem, we have a debt problem. and that's why we're here today and that's why i believe that we, after months and months and months of partisan bickering, fingerpointing, we have at this moment begun a debate that will allow us in a bipartisan way to increase the debt ceiling, which we all know needs to be done, as simply as meeting the obligation of paying for past spending. many of us have been opponents of much of that spending but we recognize that the bill has to be paid. speaker boehner, when just days after we took the oath of office in 112th congress, received the request from the president of the united states through his treasury secretary, mr. geithner, that we increase the debt ceiling. mr. speaker said then that he will agree it's essential for us to increase the debt ceiling but we were not going to proceed with business as usual. we're not going to continue increasing the debt without getting to the root cause of
to increase the debt ceiling. i argue, mr. speaker, that we don't have a debt ceiling problem, we have a debt problem. and that's why we're here today and that's why i believe that we, after months and months and months of partisan bickering, fingerpointing, we have at this moment begun a debate that will allow us in a bipartisan way to increase the debt ceiling, which we all know needs to be done, as simply as meeting the obligation of paying for past spending. many of us have been opponents...
118
118
Jul 19, 2019
07/19
by
CSPAN
tv
eye 118
favorite 0
quote 0
he more than doubled the debt we are talking about a debt ceiling. the previous president doubled the debt and that is what we get stuck with. that is the way it is, folks. thank you very much. >> thank you very much. thank you. thank you, guys. keep going. today, a discussion about the current state of u.s.-saudi arabia relations and what to expect in the future. we are live from capitol hill the middle east policy conference -- counsel. >> former special counsel robert mueller is -- robert testifying about possible obstruction of justice and abuse of power by president trump and russian interference into the 2016 election. our live coverage on july 24 starts at 8:30 a.m. eastern. watch on c-span three or listen with the free c-span radio app. >> house minority leader kevin mccarthy defended president rally whenction to a supporters began chanting "send her back" about ill omar. his briefing was about 15 minutes. mr. mccarthy: all right, i'll be a little slower here. good morning, i guess, still. no, we're past noon. good afternoon. two nights ago,
he more than doubled the debt we are talking about a debt ceiling. the previous president doubled the debt and that is what we get stuck with. that is the way it is, folks. thank you very much. >> thank you very much. thank you. thank you, guys. keep going. today, a discussion about the current state of u.s.-saudi arabia relations and what to expect in the future. we are live from capitol hill the middle east policy conference -- counsel. >> former special counsel robert mueller is...
0
0.0
May 9, 2023
05/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
the white house is refusing to negotiate over the debt ceiling. clean debt ceiling height while republicans have been demanding a number of different spending concessions and both sides have been in a deadlock so everybody is waiting to see if the stalemate can break if there's any kind of movement at all. just basically waiting to see what the next step forward is. the president met with -- hasn't met with mccarthy since february. everybody is just kind of waiting to see if anything comes of it at all. host: if something does come forward, do the leaders have to convince their majorities to go along? talk about the house in that regard. it is are they supporting speaker mccarthy on some path forward? guest: speaker mccarthy has a difficult path forward appeasing his caucus with some kind of deal. he has may be four votes to lose if everybody is present. he managed to pass a debt ceiling package narrowly it's weaved through the house. that would have raised the debt ceiling by $1.5 trillion it also would have cut $130 billion in discretionary spen
the white house is refusing to negotiate over the debt ceiling. clean debt ceiling height while republicans have been demanding a number of different spending concessions and both sides have been in a deadlock so everybody is waiting to see if the stalemate can break if there's any kind of movement at all. just basically waiting to see what the next step forward is. the president met with -- hasn't met with mccarthy since february. everybody is just kind of waiting to see if anything comes of...
0
0.0
May 17, 2023
05/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
-- in the debt ceiling talk. all work requirements do is limit the ability of food aid for families and hurt poor, marginalized community, the very people we were elected to defend. that's representative jayapal from her twitter feed. let's hear from jimmy in baltimore, maryland. democrats line. caller: a couple of the problems i have with this whole thing is, ok so the republicans passed a bill. i listened pretty carefully to, you know, different things that are happening in politics. i wish you guys would have somebody on to talk about the bill they passed and what are the specific, you know, cuts that they have in that bill. because i've heard general things. about that. so that's one thing. the other thing is, republicans raised the debt ceiling without a peep three times in four years under trump. so that's -- that right there, that's kind of like, what's with this that? then yesterday, i heard biden give a short little summary that, before his other speech, that the -- he said the republicans have already p
-- in the debt ceiling talk. all work requirements do is limit the ability of food aid for families and hurt poor, marginalized community, the very people we were elected to defend. that's representative jayapal from her twitter feed. let's hear from jimmy in baltimore, maryland. democrats line. caller: a couple of the problems i have with this whole thing is, ok so the republicans passed a bill. i listened pretty carefully to, you know, different things that are happening in politics. i wish...
4
4.0
Sep 24, 2021
09/21
by
CSPAN
tv
eye 4
favorite 0
quote 0
reporter: on the debt ceiling. republicans do not want to help democrats raise the debt ceiling. you guys voted against the c.r. that the debt ceiling was suspended in. it looks like democrats are, it's going to be a process for them to get this $3.5 trillion reconciliation bill through which is the argument for why , they should -- how they should raise the debt ceiling on their own. so the debt ceiling needs something needs to be done by mid october. how are republicans not responsible for a financial crisis caused by not raising the debt ceiling if democrats are able to do it on their own by mid-october? >> it is perfect because they can't. democrats control the white house, the senate and the house. they want to raise $5 trillion and spend in the next month. you have a maxed out credit card and they want to get a new limit to go max out another one and reconciliation within the senate, they have the ability to carve out just for a debt ceiling to vote? they have a hard time doing that on their own because it may harm them in raising all that money, but they are in the majorit
reporter: on the debt ceiling. republicans do not want to help democrats raise the debt ceiling. you guys voted against the c.r. that the debt ceiling was suspended in. it looks like democrats are, it's going to be a process for them to get this $3.5 trillion reconciliation bill through which is the argument for why , they should -- how they should raise the debt ceiling on their own. so the debt ceiling needs something needs to be done by mid october. how are republicans not responsible for a...
0
0.0
May 10, 2023
05/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
a budget is different than a debt that -- then a debt ceiling. a budget is like -- people thanks -- and congress that's not out -- that's not how it works. a budget only sets the dollar figure of how much you would spend. that's what we are talking about , what we spent five months ago. that is something we would have to work out in a debt ceiling. it's much like what nancy pelosi did when she was speaker where she told president trump that we could not raise the debt ceiling until we get the spending levels agreed to. and then they brought us inflation and the problems we have today. it's the exact same thing we're trying to work through. >> you are meeting, but the white house won't accept the deal. >> the president tries to say, ok i will do a budget agreement but the debt ceiling has to be just raised. other times before, you do the agreement together. i tried to explain that to him. the president when he was vice president, they were the widen negotiations. the president when he was senator, he voted against raising the debt ceiling. when he
a budget is different than a debt that -- then a debt ceiling. a budget is like -- people thanks -- and congress that's not out -- that's not how it works. a budget only sets the dollar figure of how much you would spend. that's what we are talking about , what we spent five months ago. that is something we would have to work out in a debt ceiling. it's much like what nancy pelosi did when she was speaker where she told president trump that we could not raise the debt ceiling until we get the...
0
0.0
Nov 30, 2022
11/22
by
CSPAN
tv
eye 0
favorite 0
quote 0
host: let's remind people what the debt ceiling is. guest: the debt ceiling or debt limit, the fiscal cliff as we have heard of is the statutory limit the treasury department is up against to issue bonds to be able to pay our debt. congress passed a spending bill and through the appropriations process, and to be able to pay our bills on time, the treasury department needs to issue that. the reason we have to issue debt is because historically, we spend more than we bring in so to finance that, we need to borrow. the ability to borrow is a statutory authority the treasury department has but the amount the department is able to borrow is set by congress. it's called the power of the person it dates back to the early 20th century. it's this philosophy of how we ensure that the government is acting in the best interest of the taxpayer in a fiscally responsible manner. throughout history, we've seen after world wars were different spending priorities, the debt limit being raised were suspended many times throughout history on the republican
host: let's remind people what the debt ceiling is. guest: the debt ceiling or debt limit, the fiscal cliff as we have heard of is the statutory limit the treasury department is up against to issue bonds to be able to pay our debt. congress passed a spending bill and through the appropriations process, and to be able to pay our bills on time, the treasury department needs to issue that. the reason we have to issue debt is because historically, we spend more than we bring in so to finance that,...
1
1.0
Oct 6, 2021
10/21
by
CSPAN
tv
eye 1
favorite 0
quote 0
reporter: is this vote on the debt ceiling tomorrow -- if this vote on the debt ceiling is blocked by republicans, would you change filibuster rules? sen. schumer: the best way to get this done is for republicans to get out of the way, let the 50 democrats do it. that is what we are working forward tomorrow. reporter: back to your response on the give and take on reconciliation, where do you think democrats can give a little bit more to get to that -- sen. schumer: i will not negotiate in public. we had a good meeting. we began getting into the nitty-gritty of how we get this done. we are going to get it done. we want to get all of it done by the 31st of october. we are making good progress. democrats of all different -- the progressive folks, more moderate folks all realize there will have to be give on either side to get this done. reporter: are you opposed -- are all 50 democrats opposed to using reconciliation? sen. schumer: reconciliation is a drawnout, convoluted and risky process with default and downgrade hovering over us. the best way to do it is the way we said. that is what
reporter: is this vote on the debt ceiling tomorrow -- if this vote on the debt ceiling is blocked by republicans, would you change filibuster rules? sen. schumer: the best way to get this done is for republicans to get out of the way, let the 50 democrats do it. that is what we are working forward tomorrow. reporter: back to your response on the give and take on reconciliation, where do you think democrats can give a little bit more to get to that -- sen. schumer: i will not negotiate in...
24
24
Aug 24, 2017
08/17
by
CSPAN
tv
eye 24
favorite 0
quote 0
the deficit, the debt and the debt ceiling. in 2002 and vice president cheney made a statement that the deficit doesn't matter. republicansems that are not concerned about the debt or the debt ceiling. just a couple days ago mitch mcconnell made the statement that there is zero chance, no chance we won't raise the debt ceiling. am i correct when i say the republicans don't care about the debt unless there's a democrat in the white house? i remember vice president cheney saying that and he is wrong. deficits and debt do matter. it is not existential to the economy immediately, but it's a corrosive upon the economy. higher deficits and the debt loads rely on higher interest rates which means less business investment and consumer spending on a smaller economy in the long run. so no he is not right. loadeficits and the debt matter a lot. i think there is well-intentioned and well-meaning lawmakers in both the republican and democratic party. obviously politics plays a role in everything. particularly in the current environment. i t
the deficit, the debt and the debt ceiling. in 2002 and vice president cheney made a statement that the deficit doesn't matter. republicansems that are not concerned about the debt or the debt ceiling. just a couple days ago mitch mcconnell made the statement that there is zero chance, no chance we won't raise the debt ceiling. am i correct when i say the republicans don't care about the debt unless there's a democrat in the white house? i remember vice president cheney saying that and he is...
32
32
Jul 26, 2019
07/19
by
CSPAN
tv
eye 32
favorite 0
quote 0
the debt ceiling has nothing to do without. what it is is, after we have already made the decision to spend, passed the law and committed the united states to spending something, within essentially get our credit card bill in the mail. what the debt ceiling is is a second separate vote as to whether we will pay the bill that we are decided months or years ago that we were going to run up. if we were to ever refuse to not raise the debt ceiling, keep in mind that would completely default the full faith and credit of the united states. it would shock the world markets. you would see interest rates jump probably by about five to 10 points. suddenly, liquidity would dry up. secretary mnuchin in front of the ways and means committee months ago, i asked him, explain to me some of the consequences that would happen if we ever refused to raise the debt ceiling or failed to, and he said, congressman, the consequences would be so dire, i don't even want to entertain it. that, as yous recall, in the summer of 2011, we came within a couple
the debt ceiling has nothing to do without. what it is is, after we have already made the decision to spend, passed the law and committed the united states to spending something, within essentially get our credit card bill in the mail. what the debt ceiling is is a second separate vote as to whether we will pay the bill that we are decided months or years ago that we were going to run up. if we were to ever refuse to not raise the debt ceiling, keep in mind that would completely default the...
53
53
Oct 11, 2013
10/13
by
CSPAN
tv
eye 53
favorite 0
quote 0
there were 34 times in which the debt ceiling was raised. i want to achieve comprehensive reform but that does not mean i will shut down the government until i get what i want. it doesn't make sense as a way of doing business. we ask countries around the world to actively pursue fiscal and structural reforms because we think it is in our interest. we ultimately look at the cost of a default. how do we pursue those policies that promote economic opportunity at home? i think the harm of default will take a decade to recover from. it is an immediate drop in economic growth, the money that comes directly out of the taxpayers pockets. home values can very well plummet at a time in which they get recovery in the housing market. duden's loans and credit cards will become more expensive. it will seriously -- student loans and credit cards will become more expensive. going into retirement, they will get their college education decimated. i think about this, the u.s. dollar is the world's most important reserve currency. u.s. treasuries are a safe hav
there were 34 times in which the debt ceiling was raised. i want to achieve comprehensive reform but that does not mean i will shut down the government until i get what i want. it doesn't make sense as a way of doing business. we ask countries around the world to actively pursue fiscal and structural reforms because we think it is in our interest. we ultimately look at the cost of a default. how do we pursue those policies that promote economic opportunity at home? i think the harm of default...
56
56
Feb 11, 2014
02/14
by
CSPAN
tv
eye 56
favorite 0
quote 0
the debt ceiling does not grow. the debt ceiling does not grow our deficit by one single dime. rather what it does is permit the government to pay what this congress has already decided to spend. we had the credit card. we used the credit card. now it's time to pay our nation's bills and pay them on time. so, mr. speaker, raising the debt ceiling is in fact the fiscally responsible thing to do here. if we default, the cost to american families will be significant. 26 million americans won't get their social security checks on march 3. i'll repeat that. 26 million americans will not get their social security checks on march 3. there are 1. million seniors, children and disabled people of new jersey who receive social security to help make ends meet, and many of them will not see their check if this is not followed through. nearly four million veterans may not receive their disability benefits, including 50,000 veterans in new jersey. now, the other side of the aisle needs to take these things seriously. they talk about supporting veterans. they talk about supporting working fami
the debt ceiling does not grow. the debt ceiling does not grow our deficit by one single dime. rather what it does is permit the government to pay what this congress has already decided to spend. we had the credit card. we used the credit card. now it's time to pay our nation's bills and pay them on time. so, mr. speaker, raising the debt ceiling is in fact the fiscally responsible thing to do here. if we default, the cost to american families will be significant. 26 million americans won't get...
17
17
Aug 6, 2017
08/17
by
CSPAN
tv
eye 17
favorite 0
quote 0
raising the debt ceiling isn't an argument about new spending. it is an argument about the fact that the credit card has come due. so those who politicized and attempt to use the debt ceiling as leverage, they make a huge miscalculation. and i can see a pass, as you have described it, for democrats to buy into raising the debt ceiling in a responsible manner and have republicans move away. so i think you have described the way i wanted. a room.t into let's negotiate and let's do what we used to do in congress, finding accommodations that people might not fall in love with but they can quickly come to like. host: talking about linking to big issues before congress. and if you see the possibility of linking tax reform to some sort of infrastructure spending legislation? is that see -- is that something you see in the works? interceptor spending used to be the easiest initiative there was a broad-based -- creating break creating greater initiative. it was something we all fundamentally agreed upon. sewer, it was water, highways, bridges and roadways
raising the debt ceiling isn't an argument about new spending. it is an argument about the fact that the credit card has come due. so those who politicized and attempt to use the debt ceiling as leverage, they make a huge miscalculation. and i can see a pass, as you have described it, for democrats to buy into raising the debt ceiling in a responsible manner and have republicans move away. so i think you have described the way i wanted. a room.t into let's negotiate and let's do what we used to...
317
317
Feb 5, 2014
02/14
by
CSPAN
tv
eye 317
favorite 0
quote 0
debt ceiling. they are debating their strategy now. should they ask for obama care reform or the approval of the pipeline? what is your take? republicans, (202) 585-3881. democrats, (202) 585-3880. 585-3882. s, (202) tweet, also send us a @cspanwj. course -- ofl us a course, at journal@c-span.org. if you want to join the conversation, you can go to presidentn whether obama should negotiate with the gop on the debt ceiling. the debt ceiling should be lowered and we need to cut government spending. do you think outside of washington as republicans decide attach a debt to ceiling increase to obama care reform? debating whether or not it should be -- the keystone xl type line should be attached to an increase in the debt ceiling. we want to get your take on that. the house gop ways their debt ceiling strategy. the report says. house republicans were still struggling to find consensus in how to handle their a coming -- upcoming debt ceiling negotiation. this is one quote -- we should bring up a clean de
debt ceiling. they are debating their strategy now. should they ask for obama care reform or the approval of the pipeline? what is your take? republicans, (202) 585-3881. democrats, (202) 585-3880. 585-3882. s, (202) tweet, also send us a @cspanwj. course -- ofl us a course, at journal@c-span.org. if you want to join the conversation, you can go to presidentn whether obama should negotiate with the gop on the debt ceiling. the debt ceiling should be lowered and we need to cut government...
0
0.0
May 15, 2023
05/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
about what they will do on this debt ceiling. mcconnell has said that he doesn't feel they need to go into the situation like that had before and with the debt ceiling. i wonder if you've heard anything about whether mccarthy is real close to mcconnell and what would happen and do you think mcconnell has the upper hand on the debt ceiling? guest: their relationship is interesting. we have seen mitch mcconnell backing up mccarthy and he and other senate republicans have said they support reforms and budget cuts. what happens when this gets down to the line if there is an agreement and does mcconnell try to huddle with joe biden. the two of them have had a tricky relationship. there is not of daylight between mcconnell and mccarthy right now. host: pennsylvania, good morning. line for democrats. caller: good morning, everyone. i'm just calling about title 42. basically, that was in response to the pandemic and people coming over. basically what we should be talking about is removing sanctions and all these countries including venez
about what they will do on this debt ceiling. mcconnell has said that he doesn't feel they need to go into the situation like that had before and with the debt ceiling. i wonder if you've heard anything about whether mccarthy is real close to mcconnell and what would happen and do you think mcconnell has the upper hand on the debt ceiling? guest: their relationship is interesting. we have seen mitch mcconnell backing up mccarthy and he and other senate republicans have said they support reforms...
90
90
Jul 24, 2011
07/11
by
CSPAN
tv
eye 90
favorite 0
quote 0
the debt ceiling is created even though economists have said we have to deal with the debt ceiling. traditionally that has been done without taking hostages. doing it in a way that demonstrates to the world great stability. also, maintaining our superlative rating around the globe. this comes at a time when europe is struggling. we have seen states that have had problems. from greece to portugal, ireland as well this is a difficult time. you have the american people saying, essentially, what is this all about? why can they not get something done? why do they not act? in that context, we are suggesting that we do this in a balanced way. personally, i think that we should pass a clean debt ceiling and have at that. dealing with both of the debt and the issue of growing jobs to enhance revenues. grover norquist, i think, whether or not he misspoke, he tipped his hand to what we think is obvious. you should end the subsidies with respect to oil drilling when you have companies that essentially come forth and say they do not need the money. we are pretty flush ourselves. also, with regar
the debt ceiling is created even though economists have said we have to deal with the debt ceiling. traditionally that has been done without taking hostages. doing it in a way that demonstrates to the world great stability. also, maintaining our superlative rating around the globe. this comes at a time when europe is struggling. we have seen states that have had problems. from greece to portugal, ireland as well this is a difficult time. you have the american people saying, essentially, what is...
54
54
Oct 15, 2013
10/13
by
CSPAN
tv
eye 54
favorite 0
quote 0
we cannot just raise the debt ceiling for another year and a trillion dollars in debt to the debt that we owe -- already have of $17 trillion. it is kind of like going to the bank. when you go to the bank and you talk to the banker and you say i want alone, i want to increase the loan and raise my credit limit. the banker would say, he maybe willing to give you the loan but he is going to say what are you going to do to address the underlying problem, the problem you have that you are spending more than you're taking in, what are you going to do to address that? and i am sure if you said i am not going to do anything to address it, you might have a hard time getting blown, right? that is true whether you are a family or a business. that is true for the federal government. so let's put the necessary savings and reforms in place. the president and his budget identified more than $600 billion in changes and savings and reforms that he could support to mandatory spending programs. we have talked to him about those time and again. now is the time to implement those savings and reforms to th
we cannot just raise the debt ceiling for another year and a trillion dollars in debt to the debt that we owe -- already have of $17 trillion. it is kind of like going to the bank. when you go to the bank and you talk to the banker and you say i want alone, i want to increase the loan and raise my credit limit. the banker would say, he maybe willing to give you the loan but he is going to say what are you going to do to address the underlying problem, the problem you have that you are spending...
70
70
Oct 15, 2013
10/13
by
CSPAN
tv
eye 70
favorite 0
quote 0
we need savings and reforms as part of addressing that debt ceiling. also we talked about ideas for a continuing resolution to reopen the government. one that follows established law, the budget control act which establishes budgetary caps that need to be kept in place and honored as a part of this agreement. now, the continuing resolution we've talked about would also include flexibility for agencies to prioritize spending subject to congressional oversight. but we've got to have budget discipline. we're spending more than we're taking in. so it's a family, a business, a federal government, that doesn't work. so we've got exercise budget discipline. also, we talked about ideas that might include addressing the medical device tax, possibly repealing the medical device tax or at least deferring it for two years. and paying for it with pension smoothing under provision similar to those in m.a.p. 21. and we've looked at and talked about requiring income verification under the affordable care act to avoid fraud. ideas that republicans have put forward and
we need savings and reforms as part of addressing that debt ceiling. also we talked about ideas for a continuing resolution to reopen the government. one that follows established law, the budget control act which establishes budgetary caps that need to be kept in place and honored as a part of this agreement. now, the continuing resolution we've talked about would also include flexibility for agencies to prioritize spending subject to congressional oversight. but we've got to have budget...
21
21
May 9, 2023
05/23
by
CSPAN
tv
eye 21
favorite 0
quote 0
debt ceilings have carried other measures. what we have here is we are running out of time and time for the president to gept serious and sit down with the speaker. [indiscernible chatter] the speaker: we want to say we should spend next year what we spent five months ago. they said draconian. what we spent five months ago is more than how much president biden and they proposed to spend this time. people were being hurt. people not getting veteran care and people not getting what they asked for five months ago. is that too much? we can raise the debt limit and spend what we did five months ago and pull back that covid money and put work requirements that help the supply chain and get promoted and more jobs and make us energy independent so americans have a lower cost in their energy bills. if they have a better idea, i'm sitting here for the last 97 days, tell me what it is. reporter: did you address the argument from the administration saying that house republicans want to cut veterans' benefits? and are you confident that if
debt ceilings have carried other measures. what we have here is we are running out of time and time for the president to gept serious and sit down with the speaker. [indiscernible chatter] the speaker: we want to say we should spend next year what we spent five months ago. they said draconian. what we spent five months ago is more than how much president biden and they proposed to spend this time. people were being hurt. people not getting veteran care and people not getting what they asked for...
0
0.0
Jan 11, 2023
01/23
by
CSPAN
tv
eye 0
favorite 0
quote 0
but i also think it's a noteworthy as we get to what eventually will be a vote on the debt ceiling. it certainly put in front of the american people. they voted for the cares act. they voted for more money for national defense spending. some of them voted for the infrastructure bill. and then they also voted for r $5 trillion worth of tax cuts in 201, 203 and 2017. it's about 4.7 tons of tax cuts and it allows them in this instance after what they have done sort of set the fire and then call the fire department. so it's been kind of the recklessness that they've embraced in this fiscal debate and discussion which is going to bring us to the precipice because it will allow us to have a full throttle debate over the role of social social sed medicare in our lives. i'm looking forward to that. it's really important to remember, as i just described it, where the tax cuts were, where the spending increases came from, and then how we intend to defend social security and medicare and do the responsible thing and raise the debt ceiling. the debt ceiling shouldn't be held hostage to this sor
but i also think it's a noteworthy as we get to what eventually will be a vote on the debt ceiling. it certainly put in front of the american people. they voted for the cares act. they voted for more money for national defense spending. some of them voted for the infrastructure bill. and then they also voted for r $5 trillion worth of tax cuts in 201, 203 and 2017. it's about 4.7 tons of tax cuts and it allows them in this instance after what they have done sort of set the fire and then call...